240Voluntary dispositions of land—how far voidable against

240 Voluntary dispositions of land—how far voidable against purchasers (1) A voluntary disposition of land made with intent to defraud a subsequent purchaser is voidable by that purchaser. (2) For this section, if the document by which a voluntary disposition of land is made is registered before a subsequent purchase of the land, the voluntary disposition is not taken to have been made with intent to defraud a subsequent purchaser— (a) only because the disposition was not made for valuable consideration; or (b) only because of the subsequent purchase. (3) This section applies to a disposition of land made before or after the commencement of this section.